Extension question for State Return

[poncho_mike]

I own several MLPs that issue K-1s and K-3s.   Since the K-3 doesn't come until late summer, I always file an extension for both state and federal taxes.  I create the extension through TurboTax and mail them in.

I just finished up my taxes, and I found something during my final review.   On my NC State tax form, there is a question "Were you granted an automatic extension to file your 2023 Federal income tax return, e.g., Form 1040?".

The box is checked "No".   I would have expected it to say "Yes", since I printed and mailed in both Federal and State exension forms before April 15.    I can over-ride this value and change to Yes.

Is the form I submitted prior to April 15 considered an automatic extension, or just an extension.  How should this box be checked if I mailed in an extension?

[Mike9241 · Accepted solution]

on the face of the 4868 it says "automatic extension" which is true if filed on or before the due date. ("automatic" is kind of superfluous). the reason your state return says no is you mailed in the extension rather than filing electronically. Thus, Turbotax doesn't know if the extension was actually filed.

answer yes since no would require you to have filed a state extension otherwise your state return is late. 

[poncho_mike]

Thanks.  You guys are great.

[poncho_mike]

This may seem pretty basic,  but I have a question regarding exactly what I mail to the IRS.  On my print window, I have four selections selections:

-  All official forms required for filing

-  Tax Return Only

-  Tax Return, key calculation worksheets

- Tax Return, all calculation worksheets.

I would expect "All official forms required for filing" to be the same as "Tax Return Only".  When I print the Tax Return Only, it prints some additional worksheets on my state taxes.

I went into Turbotax and indicated I mailed my forms before the deadline.  It still didn't update, so I had to over-ride the automatic extension question, changing it to Yes.  My pdf that I print still has the extension form printed.  Do I have to file the extension form with my return?

Thanks for answering questions.

Mike

[KarenL]

You would want to print (and mail) all official forms required for filing. Sometimes there are schedules that need to be included with the tax return, but not all worksheets need to be included. Also, you don't typically need to include the extension form.  We recommend printing, or saving to PDF, all forms and worksheets for your own records.  That way, you'll also have them handy in case you do need to send in another form or worksheet.